Westgold Resources Limited Annual Report 2020

56 Westgold Resources Limited Annual Report 2020 for the year ended 30 June 2020 Financial Report Consolidated Statement of Changes in Equity Issued capital Accumulated losses Share-based payments reserve Equity reserve Total Equity 2019 At 1 July 2019 299,494,861 (51,784,989) 14,282,408 181,493,631 443,485,911 Profit for the year – 34,607,315 – – 34,607,315 Other comprehensive income, net of tax – – – – – Total comprehensive profit for the year net of tax – 34,607,315 – – 34,607,315 Transactions with owners in their capacity as owners Share-based payments – – 183,956 – 183,956 Capital reduction via share distribution (8,803,840) – – – (8,803,840) Issue of share capital 67,644,506 – – – 67,644,506 Share issue costs, net of tax (2,205,472) – – – (2,205,472) Demerger dividend (Note 38) (13,051,549) (13,051,549) At 30 June 2020 355,103,055 (30,229,223) 14,466,364 181,493,631 521,860,827 2019 At 1 July 2018 276,976,897 (65,915,053) 13,260,686 181,493,631 405,816,161 Profit for the year – 14,130,064 – – 14,130,064 Other comprehensive income, net of tax – – – – – Total comprehensive profit for the year net of tax – 14,130,064 – – 14,130,064 Transactions with owners in their capacity as owners Share-based payments – – 1,021,722 – 1,021,722 Issue of share capital 23,489,570 – – – 23,489,570 Share issue costs, net of tax (971,606) – – – (971,606) At 30 June 2019 299,494,861 (51,784,989) 14,282,408 181,493,631 443,485,911